Huawei Technologies Co. Ltd.’s revenue grew roughly 30% in H1 despite US technology export restrictions, said Reuters.

 

The United States has put Huawei on an export blacklist citing national security issues, barring US suppliers from selling to the world’s largest telecommunications equipment maker and No.2 maker of smartphones.

 

Huawei’s revenue growth of 30% in the first half is a slowdown from 39% in the first three months of 2019, but is up sharply from 2018, Bloomberg said. Huawei has so far managed to boost revenue by aggressively securing contracts for fifth-generation networking equipment.